Three Reasons why Ravneet Gill may make a great CEO for Yes Bank
Ravneet Gill, the banking veteran from Deutsche Bank, will join the private lender Yes Bank on March 1, 2019, as the CEO and MD of the organization. He brings immense experience and foresight to the table, and Yes Bank is poised to take leaps and bounds under his leadership. The answer to the question of why he will make a great CEO for Yes Bank is three-pronged.
Prong-1: Nth-Degree of Experience
Nothing beats the good old-fashioned, hands-on experience. Mr. Gill has nearly three decades of experience in the banking industry. He has been part of the giant German banking family, Deutsche Bank since 1991 when he joined the bank’s private wealth management wing. In 2012, he took over as the country chief executive of Deutsche Bank. With such experience under his belt, Mr. Gill is just what Yes Bank needs!
Prong-2: Mentored to Lead
Ravneet Gill’s personal growth in the banking industry is also the function of great mentorship. Industry stalwarts such as Ajay Bimbhet, former MD and CEO, Royal Sundaram Alliance Insurance; Ravi Singh; and Jürgen Fitschen, have provided him with guidance at different stages of his life. Needless to say, Ravneet Singh has definitely been groomed for such a role.
Prong-3: Performance Says It All
In his most recent stint, Mr. Gill was able to achieve one of the industry’s lowest rates of Non-Performing Assets (NPA) and as CEO of businesses in India for Deutsche Bank, was able to drive one of the highest post-tax returns on equity amongst all banks in India. This performance is not only indicative of competence that’s rare in today’s day and age but is a promise for future greatness as well.
Yes Bank is all set to make 2019 its year with this splendid addition to their team!